Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP – Indicators Suggest a Bearish Day ahead…

This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.

Ethereum (ETH)

Ethereum (ETH) fell by 4.99% on Friday. Following a 7.54% slide on Thursday, Ethereum ended the day at $3,901.

After a mixed start to the day, Ethereum rose to an early afternoon intraday high $4,232 before hitting reverse. Falling short of the first major resistance level at $4,373, Ethereum slid to a late intraday low $3,891.

The extended sell-off saw Ethereum fall through the first major support level at $3,958 to end the day at sub-$3,910 levels.

At the time of writing, Ethereum was down by 0.07% to $3,898. A mixed start to the day saw Ethereum rise to an early morning high $3,920 before falling to a low $3,868.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $4,008 pivot to bring the first major resistance level at $4,125 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,100 levels. Barring an extended rally, the first major resistance level and resistance at $4,200 should limit the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,400 levels before any pullback. The second major resistance level sits at $4,350.

Failure to move through the $4,008 pivot would bring the first major support level at $3,784 into play. Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,667. The 23.6% FIB of $3,738 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,784

Pivot Level: $4,008

First Major Resistance Level: $4,125

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin (LTC) fell by 1.95% on Friday. Following an 8.38% slide on Thursday, Litecoin ended the day at $148.49.

Tracking the broader market, Litecoin rose to an early afternoon intraday high $159.86 before hitting reverse. Falling short of the first major resistance level at $162, Litecoin slid to a late intraday low $147.69. Steering clear of the first major support level at $146, Litecoin ended the day at $148 levels.

At the time of writing, Litecoin was down by 0.03% to $148.45. A mixed start to the day saw Litecoin rise to an early morning high $149.06 before falling to a low $147.38.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to move through the $152 pivot to bring the first major resistance level at $156 into play. Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $159.86 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $164 before any pullback.

Failure to move through the $152 pivot would bring the first major support level at $144 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $140 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $144

Pivot Level: $152

First Major Resistance Level: $156

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 7.13% on Friday. Following a 0.42% decline on Thursday, Ripple’s XRP ended the day at $0.79873.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.88199 before hitting reverse. Falling short of the first major resistance level at $0.9186, Ripple’s XRP slid to a late intraday low $0.79358.

Ripple’s XRP fell through the first major support level at $0.8162 to end the day at sub-$0.80 levels.

At the time of writing, Ripple’s XRP was down by 0.33% to $0.79607. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.80338 before falling to a low $0.79540.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead

Ripple’s XRP would need to move through the $0.8248 pivot to bring the 23.6% FIB of $0.8533 and the first major resistance level at $0.8560 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $0.85 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $0.88199 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $0.9132 before any pullback.

Failure to move through the $0.8248 pivot would bring the first major support level at $0.7675 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.7364.

Looking at the Technical Indicators

First Major Support Level: $0.7675

Pivot Level: $0.8248

First Major resistance Level: $0.8560

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

This article was originally posted on FX Empire

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